Sol Líneas Aéreas (Rosario Islas Malvinas) staff have temporarily returned to work after the airline reached a compromise with the Argentine government concerning its immediate future.
Sol ceased operations on Friday last week after Aerolíneas Argentinas (AR, Buenos Aires Jorge Newbery) rescinded a long-standing Capacity Purchase Agreement which had availed ARS125 million (USD9.44 million) in funding critical to its buoyancy. Without the funding, owner Transatlántica elected to close the airline which filed for bankruptcy soon after.
However, following an angry backlash from Sol's 220+ employees, the Argentine Ministry of Transport has now given the airline fifteen days to either find a buyer or a new strategic partner to replace Spain's Air Nostrum (YW, Valencia Manises). Local media reports indicate that bids have thus far been received from private firms including American Jet (Argentina) (AJB, San Fernando, AR), bus operator Via Bariloche, and London Supply, the parent firm to local VIP charter carrier Pacific Ocean (San Fernando, AR).
Via Bariloche, which owns SAPSA - Servicios Aéreos Patagónicos (Viedma), has proposed reactivating Sol and its workforce while Pacific Ocean has said it would develop and expand Sol's routes through the opening of new bases in the Patagonian towns of Ushuaia and El Calafate.
